Renault Korea to produce Polestar's EVs in 2025

By Baek Byung-yeul, The Korea Times - Renault Korea will produce Swedish electric vehicle maker Polestar’s upcoming EV Polestar 4 at its plant in Busan starting in 2025, as the collaboration between their parent companies – Renault Group and China’s Geely Group – has expanded from joint vehicle development to production, according to the Korean unit of the French automaker, Friday.

Renault Korea said it will beging producing the pure electric SUV by the second half of 2025 as an agreement has been reached between Polestar, Geely Holding and Renault Korea.

Polestar is a joint venture between Geely and Volvo Cars specializing in EVs. Under the agreement, the Polestar 4, which made its debut at the Shanghai International Automobile Industry Exhibition last April, will be produced in China for the Chinese market and vehicles produced in Busan will be sold in the Korean and North American markets.

Renault Korea’s Busan plant employs around 2,000 employees and is located close to a port, making it easy to export the EVs. It is also one of Renault’s best-performing factories all over the world in terms of quality, Renault Korea said.

Since Geely acquired a 34.02 percent stake in Renault Korea last year, the two have been expanding their cooperation. In addition to producing the Polestar 4, Renault Korea is scheduled to produce its hybrid electric SUV next year, which is based on a platform developed by Volvo and Geely.

“Polestar 4 will be the first full Electric Vehicle SUV produced in the Busan plant, symbolizing Renault Korea Motors renewal and our ambitious vision for the future. We are very proud of this new partnership and grateful to the Polestar brand for their trust,” Stephane Deblaise, CEO of Renault Korea, said. “From a wider perspective, we see further opportunities for Renault Korea Motors in the near future, thanks to our strong shareholders, Renault Group and Geely Group.”

Polestar CEO Thomas Ingenlath also said: “We’re very happy to take the next step in diversifying our manufacturing footprint together with Geely Holding and Renault Korea Motors, a company that shares our focus on both quality and sustainability.”

Renault Korea’s Busan plant has a maximum annual production capacity of 300,000 but has not exceeded 200,000 units in the past three years. The number of capacity only increased last year when it started producing the hybrid XM3. The specific production scale of the Polestar’s EV to be produced from 2025 has not been released yet.

Source: https://koreatimes.co.kr/www/tech/2023/11/419_362958.html 

• SHARE
• 페이스북으로 보내기
• 트위터로 보내기
• 구글플러스로 보내기